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Tag Archives: Lockheed Martin

Northrop Begins Full-Rate Production of F-35 Center Fuselage

TYSONS CORNER, VA, July 3, 2018 — Northrop Grumman (NYSE: NOC) has moved to the full-rate production of the center fuselage of the F-35 fighter aircraft built by Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Monday. Northrop said Friday it will manufacture the fuselage at a rate of one per day …

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Lockheed, Freedom LCS Partners Tour Navy Sec. Richard Spencer Around Wisconsin Shipyard

TYSONS CORNER, VA, July 2, 2018 — Lockheed Martin (NYSE: LMT) and its shipbuilding partners have hosted U.S. Navy Secretary Richard Spencer on a tour around the Wisconsin shipyard where the team builds Freedom-variant littoral combat ships for the service branch, ExecutiveBiz reported Friday. Spencer visited the Fincantieri Marinette Marine shipyard to …

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Lockheed Receives $288M Contract Modification for Apache Sensors, Support Services

Lockheed Martin (NYSE: LMT) will provide additional sensor systems and support services for the Apache attack helicopters of the U.S., U.K. and Saudi Arabia under a $288.3 million domestic and foreign military sales contract modification. The Bethesda, Md.-based firm will supplement Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensors and offer subcomponent production and technical …

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Lockheed to Start Low-Rate Initial Production of Joint Air-to-Ground Missile System

TYSONS CORNER, VA, June 29, 2018 — Lockheed Martin’s (NYSE: LMT) Joint Air-to-Ground Missile has received a “milestone C” decision from the Defense Department’s defense acquisition board, allowing the company to commence the low-rate initial production of the weapon system, ExecutiveBiz reported Thursday. The company said Wednesday the board granted …

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Lockheed Lands Potential $84M Navy Contract for Aegis Test Site Operation, Maintenance

Lockheed Martin (NYSE: LMT) has received a potential $84 million contract to provide operation and maintenance support for Aegis development and test sites. Lockheed’s rotary and mission systems business will deliver configuration management, related equipment and supplies, technical engineering, quality and information assurance services for Aegis test sites under the …

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Air Force Awards Lockheed $1.1B F-16 Block 70 FMS Contract

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential $1.12 billion contract to build 16 F-16 Block 70 jets for Bahrain’s air force. Lockheed will receive $551,027,050 in foreign military sales funds at the time of award and perform work at the company’s facilities in South Carolina and Texas through …

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Lockheed to Help Extend Army Tactical Missile Service Life Under $365M Contract

Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has received a potential $364.6 million contract to support service-life extension work on a guided missile and launch assemblies for the U.S. Army and Romania. Work under the domestic and foreign military sales contract will run through March 26, 2020, the Defense Department said …

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BGOV: Air Force to Issue $6B Pilot ‘Adversary’ Trainer Solicitation in July

The U.S. Air Force will launch final solicitations on July 27 for a potential 10-year, $6 billion contract vehicle to procure “adversary” aircraft intended for live training exercises, Bloomberg Government reported Monday. BGOV noted the service branch plans to accept bids through Aug. 28 after it releases a request for …

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Lockheed Receives $503M F-35 Spares Delivery Order Modification

Lockheed Martin (NYSE: LMT) has received a $503.2 million delivery order modification to provide F-35 air vehicle spares to the U.S. Navy, Air Force, Marine Corps and non-Defense Department participants. DoD said Friday the modification covers deployment and afloat spares packages and associated consumables needed to meet the delivery schedules for the aircraft. …

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Lockheed Picks Raytheon to Deliver New Sensor for Future F-35 Jets

TYSONS CORNER, VA, June 15, 2018 — Lockheed Martin (NYSE: LMT) has selected Raytheon (NYSE: RTN) to supply the updated Distributed Aperture System sensor technology for future F-35 fighter aircraft, ExecutiveBiz reported Thursday. DAS, which utilizes infrared cameras that work to provide imagery to pilots for increased battlespace situational awareness, will be …

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